Emirates NBD unit wins top honours

Abu Dhabi, June 1, 2011

Emirates NBD Asset Management, a wholly owned subsidiary of leading bank Emirates NBD, has been named the region’s “Best Fund Management Company,” at the annual Arab Achievement Awards 2011.

The award ceremony was held in Abu Dhabi alongside the Arab Investment Summit 2011.

In just over four years, Emirates NBD Asset Management has grown exponentially and is considered among the largest asset managers in the UAE today, managing one of the largest ranges of public mutual funds. With over Dh 4.5 billion ($1.2 billion) of assets under management, the company currently manages 13 different funds across a range of asset classes.

“We are delighted to receive the award for Best Fund Management Company, which demonstrates the success of our investment philosophy that has produced superior returns and satisfied clients,” said Deon Vernooy, senior executive officer, Emirates NBD Asset Management.

At the 2011 Arab Achievement awards, Emirates NBD Asset Management was also nominated in the category ‘Leader in Islamic Investments.’-TradeArabia News Service